BidaskClub Lowers T-Mobile US, Inc. (TMUS) to Hold
BidaskClub downgraded shares of T-Mobile US, Inc. (NASDAQ:TMUS) from a buy rating to a hold rating in a report issued on Tuesday morning.
A number of other research firms have also weighed in on TMUS. Goldman Sachs Group, Inc. (The) upgraded T-Mobile US from a buy rating to a conviction-buy rating and reduced their target price for the stock from $81.00 to $65.72 in a research note on Friday, May 19th. Deutsche Bank AG reiterated a hold rating and issued a $70.00 target price (up previously from $69.00) on shares of T-Mobile US in a research note on Friday, July 14th. Zacks Investment Research upgraded T-Mobile US from a sell rating to a hold rating in a research note on Friday, July 21st. Barclays PLC reiterated an overweight rating and issued a $73.00 target price (up previously from $70.00) on shares of T-Mobile US in a research note on Saturday, July 22nd. Finally, UBS AG reiterated a buy rating and issued a $80.00 target price on shares of T-Mobile US in a research note on Saturday, July 22nd. Twelve investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $70.06.
T-Mobile US (NASDAQ TMUS) traded up 0.43% on Tuesday, hitting $61.43. 1,419,694 shares of the company’s stock traded hands. The stock has a market cap of $51.05 billion, a P/E ratio of 26.03 and a beta of 0.47. The stock has a 50 day moving average price of $63.39 and a 200-day moving average price of $63.83. T-Mobile US has a 12 month low of $44.49 and a 12 month high of $68.88.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the prior year, the firm posted $0.25 EPS. T-Mobile US’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts predict that T-Mobile US will post $2.29 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the business. OZ Management LP grew its holdings in T-Mobile US by 35.7% in the second quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock valued at $105,083,000 after purchasing an additional 455,847 shares during the period. Oppenheimer & Co. Inc. grew its holdings in T-Mobile US by 6.6% in the second quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock valued at $1,742,000 after purchasing an additional 1,789 shares during the period. Arizona State Retirement System acquired a new stake in T-Mobile US in the second quarter valued at approximately $1,390,000. APG Asset Management N.V. grew its holdings in T-Mobile US by 11.8% in the second quarter. APG Asset Management N.V. now owns 3,555,136 shares of the Wireless communications provider’s stock valued at $215,512,000 after purchasing an additional 376,200 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in T-Mobile US by 2,770.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,500 shares of the Wireless communications provider’s stock valued at $9,279,000 after purchasing an additional 138,500 shares during the period. 34.72% of the stock is currently owned by institutional investors.
T-Mobile US Company Profile
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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